How Did Nexo’s Price Fare Yesterday?
Nexo’s current price, at the time of this writing, is $0.09402 USD, up by approximately 5.26% from the day prior. Yesterday’s up day is a reversal of the day before it; in terms of trend, though, note that the current price is now 31.29% below its 20 day moving average, and is currently in a down trend over the past 14 days. To help contextualize yesterday’s price move, we can observe that price has rallied 5 of the past 14 days. And in terms of volume, yesterday’s price move ocurred on volume that was 18.91% less than its 7 day average volume.
In terms of an expected trading range, the Bollinger bands on Nexo suggest price may bounce between $0.05809 and $0.215568 based on its momentum and volatility over the past 14 days. Given its boundaries, rangebound traders may find it compelling to entertain buying, as we are nearer to the bottom of the range.
As for Nexo’s market cap, it is currently at about $52M US dollars.
Straight Off the Chain
NA transactions amongst holders of Nexo occurred yesterday. Regarding a tally of holders, Yesterday saw Nexo’s wallet count NA by NA. To understand loyalty or repeat usage amongst holders of Nexo, we can note that there were 70 wallets making a transaction yesterday, while 1,762 wallets have sent or received tokens in the past month; this imputes a daily active wallet to monthly active wallet ratio of about 0.04.
Observing Nexo’s Richest Wallets
As for wealth distribution, the richest 1,000 wallets currently own 109.79% of the money supply. Incidentally, this value exceeds 100% because many owners are not yet able to sell (due to contractual provisions), and our supply metric only observes liquid supply. The percent of the currency that is owned by wallets that are both belonging to exchanges and in the top 1,000 richest wallets of the token comes out to 3.82% of the currency’s money supply. Exchange ownership grew by 0.31% over the past week, while the overall ownership percentage of the top 1,000 richest wallets grew by -0.02% over that time period. The underlying smart contract itself for Nexo owns 0.02% of the total money supply; over the past week, this amount has not changed.
The Latest on Nexo and Social Media
If you are interested in following Nexo on social media, Twitter, where it has 48,806 following it, may be a good place to start. Here is the Twitter page for Nexo.
Article by SixJupiter